Roth Capital set a $15.00 price objective on Lakeland Industries (NASDAQ:LAKE) in a research note issued to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the medical instruments supplier’s stock.
Several other research analysts have also weighed in on the company. ValuEngine raised Lakeland Industries from a buy rating to a strong-buy rating in a research report on Thursday, August 1st. Zacks Investment Research raised Lakeland Industries from a strong sell rating to a hold rating in a research report on Wednesday, August 14th.
Lakeland Industries stock traded up $0.13 during trading on Tuesday, reaching $11.46. The company had a trading volume of 48,660 shares, compared to its average volume of 20,911. Lakeland Industries has a 12-month low of $9.70 and a 12-month high of $14.44. The stock’s 50 day moving average price is $10.72 and its two-hundred day moving average price is $11.45. The firm has a market capitalization of $82.94 million, a price-to-earnings ratio of 27.95 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01.
Several large investors have recently bought and sold shares of the company. Equitable Trust Co. raised its position in Lakeland Industries by 6.2% in the second quarter. Equitable Trust Co. now owns 56,449 shares of the medical instruments supplier’s stock worth $632,000 after purchasing an additional 3,300 shares in the last quarter. Private Capital Management LLC raised its holdings in shares of Lakeland Industries by 2.6% in the 2nd quarter. Private Capital Management LLC now owns 731,998 shares of the medical instruments supplier’s stock worth $8,198,000 after buying an additional 18,733 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lakeland Industries by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 316,934 shares of the medical instruments supplier’s stock worth $3,550,000 after buying an additional 10,278 shares in the last quarter. BlackRock Inc. lifted its position in shares of Lakeland Industries by 6.4% during the 2nd quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock worth $539,000 after buying an additional 2,890 shares during the period. Finally, Granite Investment Partners LLC lifted its position in shares of Lakeland Industries by 88.6% during the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock worth $597,000 after buying an additional 23,894 shares during the period. Institutional investors own 60.33% of the company’s stock.
About Lakeland Industries
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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